Income & Economy in Farwell city, MN (56327)
Median Income
$79,643
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+55
Wealth inflow
Population
771
Unemployment
2.4%
1.3pp below US avg
IRS migration statistics show a net inflow of about 55 for ZIP 56327 (Farwell city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 56327 (2020–Present)
Since 2020, population declined 7.0%, median income fell 8.3% (inflation-adjusted), home values decreased 2.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $79,643 |
| Unemployment | 2.4% |
| Establishments | 14 |
| Employees | 142 |